Meritage Homes

Meritage Homes Corp. designs and builds single family homes. It offers variety of entry-level and first move-up homes. The firm operates through the following segments: Homebuilding and Financial Services. The Homebuilding segment acquires constructs and markets single-detached houses. The Financial Services segment includes the operations of the company's subsidiary, Carefree Title. The company was founded by Steven J. Hilton and William W. Cleverly in 1985 and is headquartered in Scottsdale, AZ.

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Meritage Homes reports robust Q4 results amidst sales challenges

Meritage Homes' Q4 2022 performance was strong despite challenges in sales orders and margin expectations for Q1. The company focuses on affordability, operational discipline, and community count growth.
Strategies include prestarting entry-level homes, managing cancellations, and maintaining balance sheet strength. Opportunities lie in cost savings, shareholder returns, and long-term margin guidance.
Challenges include economic uncertainty, mortgage rate impact, and balancing affordability with margins. Lessons learned emphasize agility, innovation, and proactive decision-making for effective risk management.

Meritage Homes excels in Q1 2023, eyes growth opportunities

Meritage Homes demonstrated robust performance and operational efficiency in Q1 2023, solidifying its market position and financial stability.
While facing challenges related to market uncertainties and operational complexities, the company remains poised to leverage growth opportunities and strategic initiatives for sustained success.
By focusing on sales momentum, margin improvement, and strategic expansion, Meritage Homes is well-positioned to navigate challenges and capitalize on market dynamics for future growth.

Meritage Homes achieves record Q2 results, eyes margin optimization

Meritage Homes delivered a strong performance in Q2 2023, marked by record closings and revenue, improved margins, and strategic partnerships. While facing challenges in managing incentives and build times, the company's strengths in social responsibility and financial stability position it well for future growth. Opportunities lie in optimizing margins, supply chain resilience, and capitalizing on market demand.

Meritage Homes (MTH) reports robust Q3 performance and strategic growth plans

Meritage Homes (MTH) delivered strong financial performance in Q3 2023 with notable sales growth and operational efficiency improvements.
Despite challenges such as interest rate volatility and operational constraints, the company's strategic strengths and opportunities position it for continued growth.
By focusing on customer needs, market dynamics, and strategic planning, Meritage Homes is poised to navigate challenges and capitalize on growth opportunities.
Investment-grade rating, commitment to affordability, and strategic initiatives like land banking and share repurchases showcase Meritage Homes' resilience and long-term vision.

Meritage Homes (MTH) reports robust Q4 performance and eyes margin expansion opportunities

Meritage Homes (MTH) reported strong Q4 2023 performance with a focus on driving volume and market share. Despite challenges like a temporary EPS dip in 2024, the company is optimistic about future growth strategies and margin expansion opportunities. Efforts to compete with the existing home market and increase move-in ready inventory are key strengths.

Meritage Homes excels in Q1 2024, eyes market expansion

Meritage Homes had a successful Q1 2024, showcasing strong financial performance and operational achievements. Despite challenges in maintaining margins and changing delivery patterns, the company remains optimistic about growth opportunities and market expansion. By focusing on customer satisfaction, operational efficiency, and strategic financial management, Meritage Homes aims to sustain its positive momentum.

Meritage Homes excels in Q2, eyes growth amidst seasonal challenges

Meritage Homes' Q2 performance reflects strength and resilience, with a focus on innovation and growth. While facing potential challenges in the second half of the year, the company remains well-positioned to capitalize on growth opportunities and maintain its financial stability.

Meritage Homes excels in Q3, eyes strategic growth amid challenges

Meritage Homes' Q3 performance reflects robust growth and financial strength, supported by strategic acquisitions and operational excellence.
While facing challenges in market monitoring and growth targets, the company's focus on affordable housing and operational efficiency positions it for sustained success.
With a clear roadmap for growth and a commitment to excellence, Meritage Homes is poised to capitalize on market opportunities and drive shareholder value.

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Meritage Homes Corp. engages in the design and construction of single-family attached and detached homes. It operates through the Homebuilding and Financial Services segments. The Homebuilding segment acquires and develops lands, constructs homes, markets and sells those homes, and provides warranty and customer services. The Financial Services segment offers title and escrows, mortgage, and insurance services. The company was founded by Steven J. Hilton and William W. Cleverly in 1985 and is headquartered in Scottsdale, AZ.

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SCOTTSDALE, Ariz., April 15, 2021 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder, today announced the closing of a $450 million aggregate principal amount of its 3.875% senior notes due April 15, 2029 (the “notes”). The completed transaction resulted in approximately $444.0 million in net proceeds to the Company. The notes were offered to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and outside the United States to persons other than U.S. persons in reliance upon Regulation S under the Securities Act.

Meritage Homes Announces Closing of $450 Million of 3.875% Senior Notes Due 2029

New York, New York--(Newsfile Corp. - April 2, 2021) -  Levi & Korsinsky announces it has commenced an investigation of Meritage Homes Corporation (NYSE: MTH) concerning possible breaches of fiduciary duty. To obtain additional information, go to:https://www.zlk.com/compensation2/meritage-homes-corporation-information-request-formor contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Meritage Homes Corporation (MTH)

SCOTTSDALE, Ariz., March 31, 2021 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder, today announced the pricing of $450 million aggregate principal amount of its 3.875% Senior Notes due 2029 (the “notes”), which represents an increase of $50 million from the amount initially offered. The notes were offered to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and outside the United States to persons other than U.S. persons in reliance upon Regulation S under the Securities Act. The expected closing date for the private placement of these notes is April 15, 2021.

Meritage Homes Announces Pricing of $450 Million of 3.875% Senior Notes Due 2029

SCOTTSDALE, Ariz., March 31, 2021 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder, today announced its intention to offer, subject to market and other conditions, $400 million aggregate principal amount of senior unsecured notes due 2029 (the “notes”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to persons other than U.S. persons in reliance upon Regulation S under the Securities Act. Meritage intends to use a portion of the proceeds to redeem all of its $300 million aggregate principal amount of 7.00% senior notes due 2022 (“existing notes”).

Meritage Homes Announces Offering of $400 Million of Senior Unsecured Notes Due 2029

SCOTTSDALE, Ariz., March 29, 2021 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder, plans to release the Company's first quarter 2021 results on Wednesday, April 28, 2021 after the market closes. Management will host a conference call to discuss the results at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time) on Thursday, April 29, 2021. The call will be webcast with an accompanying slideshow, both available on the "Investor Relations" page of the Company's website at https://investors.meritagehomes.com.

Meritage Homes First Quarter 2021 Earnings Conference Call and Webcast Scheduled for April 29, 2021

Homebuilder plans to drive a culture of greater inclusion, create more career opportunities for the next generation of diverse leaders, and donate $200,000 in 2021 to impactful programs Homebuilder plans to drive a culture of greater inclusion, create more career opportunities for the next generation of diverse leaders, and donate $200,000 in 2021 to impactful programs

Meritage Homes Announces Commitments to Advance Diversity, Equity and Inclusion

Meritage Home's stock price has seen a significant post-earnings correction as analysts are worried about a decline in its community count post strong H2 2020 sales. The company is ramping up its community count and aims to reach a target of 300 communities by middle of the next year versus 195 communities at the last quarter-end.

Meritage Homes Is A Good Contrarian Bet At Current Valuations

SCOTTSDALE, Ariz., Feb. 22, 2021 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder, announces that CEO Phillippe Lord was appointed to its board of directors on February 17, 2021, bringing its membership to a total of 10.

Meritage Homes CEO Phillippe Lord Joins Company's Board of Directors

Meritage Homes was unfairly downgraded after what analysts perceived to be weak 2021 guidance. In fact, Meritage is well positioned to grow earnings in 2021, with over 34% more lots to start 2021 than they had to start 2020.

Meritage Homes Compares Favorably To Other Homebuilders For 2021

Meritage Homes' (MTH) CEO Phillippe Lord on Q4 2020 Results - Earnings Call Transcript

Meritage Homes' (MTH) fourth-quarter 2020 earnings and revenues benefit from robust market demand backed by lower mortgage interest rates.

Meritage Homes (MTH) Stock Down Despite Q4 Earnings Beat

Meritage (MTH) delivered earnings and revenue surprises of 18.15% and 8.67%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Meritage Homes (MTH) Q4 Earnings and Revenues Beat Estimates

Shares of Meritage Homes (NYSE:MTH) fell in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share were up 49.81% year over year to $3.97, which beat the estimate of $3.36.

Recap: Meritage Homes Q4 Earnings

SCOTTSDALE, Ariz., Jan. 27, 2021 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder, today announced fourth quarter and full year results for the periods ended December 31, 2020.

Meritage Homes reports record fourth quarter 2020 results including a 420 bps increase in home closing gross margin, 50% increase in diluted EPS and 52% increase in orders over prior year

On Wednesday, January 27, Meritage Homes (NYSE:MTH) will release its latest earnings report. Here is Benzinga's outlook for the company.

Earnings Preview for Meritage Homes

Meritage Homes (MTH) is riding on entry-level LiVE.NOW homes strategy and improving housing market prospects, backed by low mortgage rates.

Meritage Homes (MTH) Banks on Entry-Level Buyers for Growth

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Is Meritage Homes (MTH) a great pick from the value investor's perspective right now? Read on to know more

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After peaking last fall, Meritage Homes has seen its stock drop by 33% in the last few months. The stock appears to have found support at its 52-week moving average.

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